The insurance market in Uzbekistan is experiencing significant growth: as of July 1, 2026, the total liabilities of insurance companies amounted to 4,415 trillion soums. This sum is equivalent to 4.4 trillion soums and is nearly 11 times higher than the state budget expenditures for 2026.
Compared to the previous year, when this figure was 2,979 trillion soums, the growth reached 48.2%. These data are presented in the report by the National Agency for Prospective Projects.
For comparison, the State Budget expenditures of Uzbekistan for 2026 are set at 402.7 trillion soums, highlighting that the volume of insurance liabilities significantly exceeds annual budget spending.
It is important to note that having a debt of 4.4 trillion soums does not imply an actual debt; this indicator reflects the total volume of risks and obligations assumed by companies under active insurance contracts.
As of the end of 2025, the total assets of insurance companies reached 15 trillion soums. In the first half of 2026, paid insurance amounts totaled 2.25 trillion soums, while collected insurance premiums were 8.02 trillion soums.
In the general insurance sector, liabilities increased by 33.4% during the year, reaching 3,955 trillion soums.
The most rapid changes were recorded in the life insurance sector. Here, liabilities grew from 13.3 trillion soums to 460.5 trillion soums, representing an increase of almost 35 times.
At the same time, APEX LIFE INSURANCE accounts for 454.97 trillion soums in this category, or 98.8%. The company itself demonstrated a growth in this indicator of almost 48 times over the year.
As of July 1, 2026, there were 35 insurance organizations operating in Uzbekistan, seven of which are engaged in life insurance.